Awesome jobs report: 321,000 more jobs, previous two months revised up 44,000

[CountZero]

<Citation Needed>

Also, if this jobs report is so amazing, why doesn't Wall Street think so?

http://www.bls.gov/news.release/empsit.nr0.htm

Knock yourself out.

Wall Street responds to more than just job reports. It might surprise you to find that most of the companies that are traded are international and the broader market is pretty shaky even if the US is doing better in terms of jobs.

 

[fskimospy]

Your quote says absolutely NOTHING about temporary positions, nor part time positions, many of which is what fills up holiday hiring. I'm sorry, you lose. Good day sir.

I said GOOD DAY SIR!

I strongly suggest you go back and read it again. Also check out the link.

A lot of temporary jobs mean:
1. A lot of people hired in Month A.
2. A lot of people fired in Month B.

Those are precisely the kinds of recurring seasonal trends that seasonal adjustment covers. In fact, that's basically the whole point of it. Additionally, the survey accounts for part time work and this actually dropped from month to month.

So really, you don't know what you're talking about.

 

[fskimospy]

http://www.bls.gov/news.release/empsit.nr0.htm

Knock yourself out.

Wall Street responds to more than just job reports. It might surprise you to find that most of the companies that are traded are international and the broader market is pretty shaky even if the US is doing better in terms of jobs.

He seems really committed to convincing himself that the BLS employment survey doesn't account for temporary workers. Maybe you'll do better than I did in making him see reason.

 

[s0me0nesmind1]

http://www.bls.gov/news.release/empsit.nr0.htm

Knock yourself out.

Wall Street responds to more than just job reports. It might surprise you to find that most of the companies that are traded are international and the broader market is pretty shaky even if the US is doing better in terms of jobs.

Again, I read through the article. Absolutely nothing is mentioned referring to temporary workers or part-time from the prospective of adjustments. Feel free to show me otherwise. But once again....


<Citation Needed>

 

[Bowfinger]

He seems really committed to convincing himself that the BLS employment survey doesn't account for temporary workers. Maybe you'll do better than I did in making him see reason.

It's not about reason at this point. It's about saving face. His initial post was highly belligerent, condescending, and of course, wrong. For him to admit this now would mean admitting he was being an ass. Bad for the ego.

As someone who once spent a lot if time digging through the various BLS reports, I can also confirm that the employment reports are seasonally adjusted. This means they understate the employment increase now, to normalize the Christmas hiring bump. It also means that they understate the employment decrease in 1Q, to normalize for all of the temporary holiday jobs that end. They do the same thing in the summer, to normalize the extra summer hiring that comes with students' summer jobs. This was documented quite well in previous threads here.

 

[fskimospy]

Again, I read through the article. Absolutely nothing is mentioned referring to temporary workers or part-time from the prospective of adjustments. Feel free to show me otherwise. But once again....

<Citation Needed>

You were shown otherwise. Maybe you didn't understand what you read? Can you explain why you think that temp workers aren't covered in seasonal adjustments? I'm seriously baffled by what logic could lead to that conclusion.

 

[Bowfinger]

http://www.bls.gov/news.release/empsit.nr0.htm

Knock yourself out.

Wall Street responds to more than just job reports. It might surprise you to find that most of the companies that are traded are international and the broader market is pretty shaky even if the US is doing better in terms of jobs.

Also, corporate profits have been so strong in part due to suppressed wages. Cheap labor is good for the bottom line. If we're finally starting to see upwards wage pressure, it may hurt profits, and therefore investors. It's a bit perverse, but it's real.

 

[dank69]

Again, I read through the article. Absolutely nothing is mentioned referring to temporary workers or part-time from the prospective of adjustments. Feel free to show me otherwise. But once again....


<Citation Needed>

Textbook case of willful ignorance.

 

[dank69]

it's a more expeditious use of my time to continue reading

http://www.calculatedriskblog.com/

than it is to respond

you can look at the EPR data yourself, fussing that it's a Republican talking point is empty words. I don't care if it is, I do my own thing, and this is what I see.

Textbook case of willful ignorance.

 

[First]

<Citation Needed>

Also, if this jobs report is so amazing, why doesn't Wall Street think so?

*slaps forehead*

Read some headlines, ya dope: S&P futures jumped 2, then dropped down 5 as the "economy is getting better" crowd fought the "Fed will tighten sooner" crowd.

it's a more expeditious use of my time to continue reading

http://www.calculatedriskblog.com/

than it is to respond

you can look at the EPR data yourself, fussing that it's a Republican talking point is empty words. I don't care if it is, I do my own thing, and this is what I see.

Yeah, you'll have to actually put something in your own words because the above is empty, baseless bullshit. FYI.

 

[ElFenix]

thanks obama

 

[Mani]

Again, I read through the article. Absolutely nothing is mentioned referring to temporary workers or part-time from the prospective of adjustments. Feel free to show me otherwise. But once again....


<Citation Needed>

Jesus Christ, just admit that you're wrong already.

 

[CountZero]

Again, I read through the article. Absolutely nothing is mentioned referring to temporary workers or part-time from the prospective of adjustments. Feel free to show me otherwise. But once again....


<Citation Needed>

You did have me going for a bit but really no one able to type in complete sentences could be this incredibly dense. Good day to you.

 

[senseamp]

Best job growth since 1999.

 

[dmcowen674]

http://www.nytimes.com/2014/12/06/business/economy/november-jobs-unemployment-figures.html?_r=0

Awesome jobs report: 321,000 more jobs, previous two months revised up 44,000

Worker earnings up 0.4%, that's the number I'd really like to see move more.

So we're still, IMO, a long way from full employment, and that's why wages have been sluggish.

Still, great report, gives me some hope. :thumbsup:

"Over the first 11 months of 2014, our economy has created 2.65 million jobs. That’s more than in any entire year since the 1990s. Our businesses have now created 10.9 million jobs over the past 57 months in a row and that’s the longest streak of private-sector job growth on record." —President Obama

Yet you see the Republitards on here giving no credit to Obama and want to give the Country back to the Republitards like Bush that destroyed jobs and this Country.

 

[kage69]

Seasonal adjustment. Does that account for the fact that they are TEMPORARY?! Didn't think so. It accounts for the fact that they are a sudden seasonal onslaught of hiring for the sole purpose of seasonal needs. That means precisely what I am talking about, but does not account for the fact that many of these will not be there come February.

Just take a look at Wall Street numbskull, I watch it daily. S&P is up .15% over this GLORIOUS news. You think investors think this amazing?

(Psst: That's an obvious no).

*rubs temples*

Uhh, wow.

Is it just me, or does it seem like this guy honestly doesn't know wtf seasonal means?

 

[kage69]

thanks obama

That silly Kenyan has some nerve, I tell you hwat

 

[inachu]

Front page of drudgereport..... over 96 million unemployed americans.

 

[gsaldivar]

Yay for the fake recovery!!

 

[Zorkorist]

95.6 million. 400,000 are back employed.

-John

 

[Zorkorist]

Yay for the fake recovery!!

Truly. In two years Hillary Clinton comes up for reelection, and it is NO HOLDS BARRED.

The Obama regime will do anything and everything they can to continue America on a path towards Socialism and Communism.

-John

 

[senseamp]

Front page of drudgereport..... over 96 million unemployed americans.

Only if you count retirees as unemployed.

 

[Victorian Gray]

95.6 million. 400,000 are back employed.

-John

http://www.politifact.com/truth-o-m...-million-americans-not-working-or-looking-wo/

 

[Zorkorist]

We're kidding, Victorian Gray.

Our point is that jobs are about as fake as our currency.

Neither, really exist.

-John

 

[Zorkorist]

Obama's regime will continue to post and lie, about the health of our society today, as they undermine everything that is America.

They want to pass the torch of Communism, Socialism, back to Hillary Clinton.

-John